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EU rescue fund approves new loan for Greece

The European Stability Mechanism (ESM) approved on Tuesday the disbursement of a €6.7bn loan for Greece. This new tranche of the 2015 bailout programme had been agreed by the Eurogroup in January. A first €5.7bn part is to be paid on Wednesday, followed by a second €1bn part when Greece has repaid more arrears and made progress in establishing an e-auction system for seized properties.

Opinion

Sometimes in chess, a sacrifice brings victory. Theresa May should pay heed to the example of Slovakia's premier, Iveta Radicova, who sacrificed her job in order to get difficult euro bailout legislation through the Bratislava parliament.

The EU commission is giving more time to the Swiss government to endorse a deal that would put various sectorial agreements to access the single market under one deal. Nevertheless, after Brexit, the EU has had enough of exceptions.